has acquired
Cascadia Capital, an investment bank serving middle market clients globally, today announced it acted as the exclusive financial advisor to Bain Capital Double Impact, the impact investing arm of Bain Capital, in its investment and combination of BW Fusion, Biodyne, and Agronomy 365 under the BW Fusion banner. The transaction formalized a previous strategic alliance between the three companies and will accelerate product innovations and enhance grower support.
Founded in 2019 and headquartered in Fort Wayne, Indiana, BW Fusion is an innovator in agricultural crop and soil nutrition products and services. Founded in 1989, Biodyne began developing beneficial microbes for environmental stewardship and bioremediation. In 2019, BW Fusion and Biodyne formed a partnership to commercialize Biodyne’s products. As BW Fusion expanded, a partnership with Agronomy 365, a tech-enabled crop analytics and management program, was formed. Going forward, BW Fusion will marry Biodyne’s 30+ years of biologicals research, Agronomy 365’s cutting-edge data and software tools, and BW Fusion’s product development, manufacturing and commercial expertise to support farming communities across the U.S. BW Fusion is poised to benefit from long-term secular tailwinds in agriculture and increasing demand for environmentally sustainable biological crop nutrition solutions.
“Our mission has always been to help growers improve crop productivity and long-term soil health. As farmers ourselves, we understand the importance of providing growers with the right data to make informed decisions. Through our partnership to date, it’s evident that leveraging our combined strengths supports growers with the resources they need at scale to improve farming methods and increase long term profits,” said Jason Schley, BW Fusion’s Chief Agronomist and Product Officer. “BW Fusion’s products are now used on over 1 million acres across the U.S., and we are excited to partner with Bain Capital Double Impact to continue supporting farming communities while simultaneously helping the environment win,” said Grant Wells, a Partner at BW Fusion.
“We are excited to collaborate with the founders to create a complete solution that fuses leading agronomy, environmental microbiology, and grower-support to accelerate BW Fusion’s impact,” said Jacob Donnelly, a Partner at Bain Capital Double Impact. “Our investment in the BW Fusion platform reflects our strategy of partnering with mission-driven companies to help them scale and achieve greater climate and sustainability results.”
“This important transaction showcases our unwavering commitment and strategic expertise across the dynamic crop input sector,” said Scott Porter, Cascadia Managing Director. “The crop input sector is a key focus of our team, and we expect to see continued activity across the area. It was an honor to work with Bain Double Impact on this important transaction for the industry. The combination of these three entities creates a very unique platform to serve growers and bring necessary products and insights.”